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The Effect of Introducing a Non-Redundant Derivative on the Volatility of Stock-Market Returns When Agents Differ in Risk Aversion

Bhamra, Harjoat Singh - 2010

precautionary demand for savings is not too high, then the introduction of a nonredundant derivative increases the volatility of … stock market returns. Furthermore, in the economy with the derivative, the volatility of stock market returns can be … substantially greater than that of aggregate dividend growth (fundamental volatility). We also show that the volatility of the …

Persistent link: https://www.econbiz.de/10013152695

Uncovered interest rate, overshooting, and predictability reversal puzzles in an emerging economy

Kiliç, Rehim - 2023 - This draft: August 2023

Persistent link: https://www.econbiz.de/10014490739

Struttura per scadenza, premi per il rischio e tassi attesi : evidenza empirica dal mercato dell'eurolira

Drudi, Francesco - 1997

Persistent link: https://www.econbiz.de/10013439125

Machine learning treasury yields

Kakushadze, Zura; Yu, Willie - In: Bulletin of applied economics 7 (2020) 1, pp. 1-65

Persistent link: https://www.econbiz.de/10012807008

Inflation as redistribution : creditors, workers, policymakers

Bikler, Šimšōn; Nitzan, Jonathan - 2023

This paper is part of a dialogue with Blair Fix on how inflation redistributes income between creditors and workers and the way in which monetary policy affects this process. In his 2023 paper, 'Inflation! The Battle Between Creditors and Workers', Fix shows, first, that the impact of U.S....

Persistent link: https://www.econbiz.de/10014252525